mytender.io Closes £250,000 Pre-seed Round from Fuel Ventures
Deal News | Jul 03, 2025 | SETsquared
mytender.io, an innovative AI-driven bid writing platform co-founded by University of Southampton undergraduates Jamie Horsnell and Samuel Aaron, has secured a record £250,000 pre-seed investment led by Fuel Ventures. This marks a significant step for the startup, renowned for streamlining the bid writing process for public sector contracts. Currently, mytender.io serves over 20 customers in the construction and facilities management sectors. The financial backing will enable the startup to further develop its pioneering agentic bid writing system and to expand its business development activities. The founders have also been actively involved in the Future Worlds startup ecosystem and will participate in the Future Worlds Demo Day and a pivotal visit to Silicon Valley.
Sectors
- Technology
- Venture Capital
- Education
Geography
- United Kingdom – The startup and its founders are based in the UK, specifically linked to the University of Southampton.
- United States – The article references an upcoming Future Worlds Cohort visit to the San Francisco Bay Area, indicating the startup's international networking efforts.
Industry
- Technology – mytender.io operates within the technology sector, focusing on AI-driven solutions to enhance bid writing processes.
- Venture Capital – The funding round was led by Fuel Ventures, highlighting the involvement of the venture capital industry in supporting early-stage startups.
- Education – The company was co-founded by current University of Southampton undergraduates, indicating the educational environment's role in nurturing entrepreneurial ventures.
Financials
- £250,000 – The amount raised in the pre-seed funding round led by Fuel Ventures.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| mytender.io | Target | Company | AI-driven bid writing startup founded by University of Southampton students. |
| Fuel Ventures | Investor | Company | Led the pre-seed funding round for mytender.io, providing a significant financial backing. |
| SETsquared | Support | Company | Provides investment showcase opportunities for startups like mytender.io. |
| Future Worlds | Accelerator | Company | Accelerator program supporting mytender.io's growth within the UK startup ecosystem. |
| Jamie Horsnell | Co-founder | Person | Undergraduate co-founder of mytender.io. |
| Samuel Aaron | Co-founder | Person | Undergraduate co-founder of mytender.io. |
| Mark Pearson | Managing Partner | Person | Managing Partner at Fuel Ventures, commented on the investment. |
| Dr Alice Iles | Head of Tech Acceleration | Person | Head of Tech Acceleration for Future Worlds, remarked on mytender.io's progress. |